Digital Currency

Court Filing Accuses Bitmex Cofounders of ‘Looting’ $440 Million Before the Fed Crackdown

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/411174″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/11/daw_1456x360-2.jpg” alt width=”1456″ height=”360″></a></div><strong>A civil lawsuit has been filed against the firm HDR Global Trading Limited, the parent company of the exchange Bitmex, alongside the three cofounders Arthur Hayes, Ben Delo, and Samuel Reed. Plaintiffs allege “the defendants’ Hayes, Delo, and …

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China’s digital yuan pilots have processed $300M so far, says PBoC head

The governor of China’s central bank has given more details about the country’s ongoing digital currency pilot.  Yi Gang, governor of the People’s Bank of China, said that the digital yuan pilots have processed over four million transactions to date, totaling more than 2 billion yuan ($299 million). The official delivered his latest remarks at …

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Coinbase Launches Cryptocurrency Visa Card in the US

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><div id=”bitcoin-505017858″><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/419836″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/10/728×90-9.jpg” alt width=”728″ height=”90″></a></div></div><strong>U.S. customers can now apply for the Coinbase Visa, a card that allows users to spend digital assets anywhere Visa is accepted. In addition to the U.S. launch, Coinbase cardholders will be able to earn up to …

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JP Morgan Sees Millennials’ Bitcoin Preference Over Gold as Foundation for Its Long Term Success

The Many Facts Pointing to Paul Le Roux Being Satoshi Nakamoto The 48-year old former programmer and criminal cartel boss, Paul Calder Le Roux, was deemed a Satoshi Nakamoto suspect in the spring of 2019. The suspicion caused a few people to believe Le Roux is the most credible Satoshi yet, … read more. Philippines …

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Russia doesn’t need to be first with a digital currency, says state expert

A Russian official argued that the country should have launched research on a central bank digital currency four years ago in order to claim leadership in the field. However, according to Dmitry Peskov, a special representative of the President of the Russian Federation on digital and technological development, the first-mover advantage also brings a number of …

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Better to get it right than to be first with CBDC, says US Fed chair

The United States will not be issuing a digital dollar until the Federal Reserve resolves all questions around a potential central bank digital currency, or CBDC, according to the Fed’s chairman, Jerome Powell. Powell claimed that he is not worried about other countries having a first-mover advantage when it comes to issuing CBDCs. Speaking at …

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Starbucks and McDonald’s reportedly not testing China’s digital yuan

American fast-food giants like Starbucks and McDonald’s are reportedly not participating in China’s ongoing digital yuan tests. According to an Oct. 14 report by news agency Sina Finance, China’s central bank digital currency, or CBDC, is still being piloted on a “small scale,” primarily involving the retail and catering industry. As reported, a number of …

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China held a $1.5 million lottery to test a new digital currency

Prisma by Dukas via Getty Images China is taking its digital currency tests to a new level by giving away more than 10 million yuan ($1.5 million) in a new lottery (via CNBC). The state-run People’s Bank of China gave 50,000 randomly selected citizens a “red packet” worth 200 yuan ($30), to spend at several …

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Andreessen Horowitz Publishes ‘Crypto Startup School’ Documentary

US Senate Candidate Is a Hodler, Sees Bitcoin as Alternative Store of Value to US Dollar US Senate candidate Cynthia Lummis is pro-bitcoin. She bought her first bitcoin during her time in Congress. Now she calls herself a hodler and sees the cryptocurrency as a viable alternative store of value to the US dollar. Bitcoin …

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China’s Digital Currency Has Been Used in 3 Million Transactions Worth Over a Billion Yuan So Far

Tether’s Stablecoin Dominance Drops Below 80% as Audit Controversy Lingers On The total volume of stablecoins in circulation is closing in on the $20 billion mark, while the market-leading coin, USDT’s share of the total circulating supply continues to shrink, data from Coinmetrics shows. According to the data, USDT now accounts … read more. New …

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